REVENUE
VIVACOM retains its leading position on the Bulgarian tele-com market with highest total revenue of BGN 223 million for the first quarter of 2018. The Company reports 5.6% growth compared to same period last year.
ADJUSTED EBITDA
Despite the highly competitive market environment, VIVACOM reports stable adjusted EBITDA growth of 11.6% to BGN 86 million.
MOBILE SERVICES
VIVACOM continues to increase its revenues from mo-bile services, achieving nearly 30% market share with 3,048,000 mobile subscribers, 89% of which are using postpaid subscriptions.
MOBILE BROADBAND
The share of mobile data revenue from mobile service rev-enue continues to grow, reaching 41% in the first quarter of 2018, compared with 34% for the same period in 2017.
4G COVERAGE
The positive trend above is supported by extension of the 4G network to 99% of the population, measured by GWS. **
FIXED BROADBAND
VIVACOM is the leader on fixed broadband market with a total of 487,000 subscribers compared to 444,000 for the first quarter of 2017. The fiber-optic network covers nearly 1,141,000 households, which is a 4.2% increase compared to the first quarter of 2017.
IPTV
VIVACOM is the leading operator in provision of the most advanced television service - interactive TV (IPTV). 47% of 451,000 pay-TV subscribers have chosen the interac-tive television during the first quarter of 2018, which rep-resents 4 percentage points increase over the same period last year.
INVESTMENTS
VIVACOM’s capital investments for the first quarter of 2018 amounted to BGN 26 million, 61% of which are invested in development and maintenance of network infrastructure.
FUTURE DEVELOPMENT
In 2018 VIVACOM will continue to focus on infrastructure de-velopment in line with the fast-paced new technologies and innovations as well as provision of high quality services. The Company has introduced the next generation mobile solutions - 4.5G, and will continue to expand its coverage which will ul-timately lead to higher mobile broadband speeds and better customer experience. VIVACOM is developing new M2M-type (machine-to-machine) networks to enable the introduction and development of smart technologies in Bulgarian cities and homes. The telecom will continue to build dynamic, se-cure and easy to manage cloud infrastructure. The Compa-ny will remain a reliable partner to both large, medium and small enterprises, providing them with the necessary security and further opportunities for business development.
www.vivacom.bg
VIVACOM remains the telecom #1 in total revenue* on the Bulgarian market;
VIVACOM reports 11.6% EBITDA growth com-pared to Q1 2017;
VIVACOM is #1 fixed broadband operator with largest subscriber base - 26% market share;
VIVACOM is #1 IPTV operator;
4G network with best population coverage, according to GWS**.
VIVACOM reports growing mobile service revenue market share - 29.8%;
Q1 2018
IPTV
IPTV
2017 2018
11.6%
2017 2018
11.6%
* Results for all periods are prior to impact of IFRS 15. ** 4G network population coverage measurement was performed by Global Wireless Solutions (GWS) on their methodology in the period 05.02 – 08.03.2018
VIVACOM is the leader of the telecom market in terms of total revenues
The financial results of the Company for the first quarter of 2018 show a steady growth of mobile market share.
Nо.1
99%
99%
5.6%
2017 2018
For the three months ended
March 31, Change
BGN thousands, except percentages 2018 2017 (amount) (%)
Revenue 222 846 211 106 11 739 5,6
Adjusted EBITDA 86 194 77 204 8 990 11,6
% Adjusted EBITDA Margin 38,7 36,6 2,1 5,8
Number of mobile subscribers at period end 3 048 3 088 (41) (1.3)
% post-paid at period end 88,9 88,9 0,0 0,0
Fixed voice subscribers at period end 778 894 (117) (13,1)
Fixed broadband subscribers at period end 487 444 43 9,7
% FTTx at period end 54,4 52,4 2,0 3,8
Number of fiber homes passed at period end 1 141 1 095 46 4,2
Fixed pay-TV subscribers at period end 451 416 35 8,4
% IPTV at period end 46,6 43,1 3,6 18,3
RESULTS FOR Q1 2018